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Downplaying job losses, Fed officials eye December rate hike

Others were more on board with the December increase, though they also offered some scepticism about inflation

Ann Saphir & Jonathan Spicer | Reuters  |  Austin (Texas)/New York, 

Chocking up employment losses last month to the temporary hit of a severe hurricane season and reiterating expectations that inflation will strengthen, Federal Reserve policymakers signalled they continue to see gradual US interest-rate hikes ahead. “Even though inflation is currently somewhat below our longer-run objective, I judge that it is still appropriate to continue to remove monetary policy accommodation gradually,” said New York Fed President William Dudley, whose regular meetings with Fed Chair Janet Yellen and constant contact with Wall Street banks bolster ...

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First Published: Sun, October 08 2017. 01:49 IST
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